Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
News Briefs
Oct 17 2005 // New Reports Issued on Climate Change: Hurricanes Katrina and Rita have focused more attention on global warming. The debate continues to rage over whether the higher temperatures and rising sea levels are a wholly natural...
Best Places RenRe’s Ratings Under Review with Negative Implications
Sep 29 2005 // A.M. Best Co. lost no time in placing the financial strength and debt ratings of the operating subsidiaries of Bermuda’s RenaissanceRe Holdings Ltd. under review with negative implications. These include Renaissance...
RenRe Receives SEC Wells Notice; Fitch Comments
Sep 28 2005 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has received a “Wells Notice” from the staff of the U.S. Securities and Exchange Commission. The SEC is investigating RenRe’s “restatement...
RenRe Comments on Katrina Impact
Sep 12 2005 // RenaissanceRe Holdings Ltd. has issued an initial assessment of the impact of Hurricane Katrina on its financial results. Bermuda’s premier property reinsurer gave no precise figures, indicating that “due to...
Fitch Affirms RenaissanceRe’s Ratings
Jul 15 2005 // Fitch Ratings has affirmed the ‘A-‘ long-term and senior debt ratings and ‘BBB+’ preferred stock rating on RenaissanceRe Holdings Ltd. (RenRe). Additionally, Fitch has affirmed the...
RenaissanceRe Notes Resignation of Cash; Reportedly Refused Subpoena
Jul 11 2005 // Bermuda-based RenaissanceRe Holdings Ltd. has received and accepted the resignation of Michael Cash, senior vice president – Specialty Reinsurance. The resignation follows the reported refusal of Cash, who is a...
RenRe Receives Finite Reinsurance Subpoena from SEC
Jun 16 2005 // Bermuda-based RenaissanceRe Holdings Ltd. acknowledged that it has received a subpoena from the United States Attorney for the Southern District of New York requesting information relating to the use of finite risk...
Best Affirms RenRe Subs Ratings; Downgrades Credit and Debt Ratings; Removes Ratings From Review
May 3 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Renaissance Reinsurance Ltd. (RenRe Ltd.) and the financial strength ratings of “A” (Excellent) of...
S&P Affirms RenRe’s ‘AA-‘/’A’ Ratings
Apr 19 2005 // Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” counterparty credit and financial strength ratings on Bermuda-based Renaissance Reinsurance Ltd. (RenRe), its...
RenaissanceRe Receives Subpoena from SEC
Feb 28 2005 // RenaissanceRe Holdings Ltd. announced that it has received a subpoena from the Securities and Exchange Commission in connection with an industry-wide investigation into non-traditional insurance products. According to...
RenRe Gets Q4 Earnings Boost as 2004 Net Income Falls by $460 Million
Feb 24 2005 // RenaissanceRe Holdings Ltd., Bermuda’s premier property reinsurer, announced fourth quarter and full-year earnings that fully reflect both the strong market – net premiums written increased to $1.349 billion...
RenaissanceRe to Restate 2001-03 Earnings; Best, S&P Put Ratings Under Review
Feb 23 2005 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with...
RenRe Reports Q3 Operating Loss of $372 Million; Increases Hurricane Loss Estimates
Oct 28 2004 // Bermuda’s RenaissanceRe Holdings Ltd. reported a net operating loss attributable to common shareholders of $372 million for the third quarter of 2004, versus net operating income available to common shareholders of...
RenRe Comments on Hurricanes’ $425 Million Impact; Fitch Affirms Debt Ratings
Sep 30 2004 // Bermuda-based RenaissanceRe Holdings Ltd. estimates that Hurricanes Charley, Frances, Ivan and Jeanne will have a combined negative impact on the Company’s third quarter earnings of approximately $425 million. RenRe...
S&P Affirms Tokio Millennium Re ‘AA-‘ Rating, Upgrades Outlook on Guarantee by Parent
Sep 3 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Tokio Millennium Re Ltd. (TMRe) to stable from negative, and affirmed its “AA-” financial strength rating, based on a...
RenaissanceRe Reports Q2 Operating Income of $143.1 Million; Gain from 2003 Numbers
Jul 27 2004 // Bermuda-based RenaissanceRe Holdings Ltd. reported net operating income available to common shareholders of $143.1 million for the second quarter of 2004, versus $130.5 million for the comparable period in 2003. Operating...
Eklund Resigns as RenRe Executive VP
Jun 24 2004 // Bermuda’s RenaissanceRe Holdings Ltd. announced that David A. Eklund, its Executive Vice President, and President and Chief Underwriting Officer of Renaissance Reinsurance Ltd., is resigning from the Company to...
RenRe Posts $137.8 Million Q1 Operating Income
May 5 2004 // RenaissanceRe, Bermuda’s premier property reinsurer, reported first quarter operating earnings of $137.8 million compared to $130.2 million in the first quarter of 2003. The company also gave the following additional...
Best Affirms Top Layer Re ‘A+’ Rating
Apr 5 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Top Layer Reinsurance Ltd. (Bermuda) with a stable outlook. “The rating reflects the substantial amount of...
Best Assigns ‘bbb’ Rating to RenRe Preferred Stock
Mar 25 2004 // A.M. Best Co. announced that it has assigned a “bbb”debt rating on the $250 million 6.08 percent perpetual preferred stock, recently issued by Bermuda property reinsurer RenaissanceRe Holdings Ltd. Best also...
